Mr. Thomas Yingling reports

FIRST CANADIAN GRAPHITE INC. ANNOUNCES FINANCING

First Canadian Graphite Inc. intends to offer up to 8,666,667 units at 30 cents for gross proceeds of up to $2.6-million. Each unit shall be composed of one common share and one-half warrant. Each whole warrant will entitle the holder to purchase one common share exercisable at 50 cents for two years.

The gross proceeds from the financing will be used for general working capital. While the company intends to spend the proceeds from the financing as stated above, there may be circumstances where, for sound business reasons, funds may be reallocated at the discretion of the board.

Insiders may participate in the financing with full particulars of such participation to be included in the news release announcing the closing, when closed.

A finder's fee may be payable in accordance with the policies of the TSX Venture Exchange.

The closing of the financing is subject to receipt of all necessary regulatory approvals, including the TSX Venture Exchange. The securities issued under the financing will be subject to a hold period ending on the date that is four months plus one day following the date of issuance in accordance with applicable securities laws and, if applicable, will be subject to U.S. resale restrictions under U.S. securities laws.

Other

The company has approved the grant of 50,000 stock options to a consultant with a five-year term at an exercise price of 30 cents. Such option granted shall have the required four-month-plus-one-day hold period and in accordance with the company's 2025 omnibus share incentive plan adopted at the annual and special general meeting held on Dec. 9, 2025.

About First Canadian Graphite Inc.

First Canadian Graphite is managed by a team with over 150 years collectively with a proven record of not just finding numerous mines but building and operating them too. The company's management team's most recent success is discovering the Berkwood graphite resource in Northern Quebec. The company owns this asset 100 per cent, and the company's shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.

We seek Safe Harbor.